false
false 0 0 2HWn7B17JD

Suneel

Nigam

logoService Entrepreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Suneel

Nigam

#Hard working
Suneel needs funds to add more utensils to his utensils shop.

logoService Entrepreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,331.44 is
the current outstanding balance

100 0 0 16669 0 0

100%

0%

0%


Suneel Nigam is a young and energetic entrepreneur who lives in Bahraich with his family. Suneel owns a kitchen utensils shop. Suneel wants to take his shop to the next level by adding new and modern utensils and wants to attract more number of customers and thus widen his customer base. Slowly steadily he wants to upgrade his shop to a big departmental store. For expanding his business this loan will be of great help. Invest in Suneel as he expands his shop, improves his business, and provides for a brighter future for his family.

To improve my business

About Suneel Nigam's livelihood

Suneel is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Suneel will potentially obtain employment for 364 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Others

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0